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, our own phil lebeau with more details on that. >> reporter: good morning, kate. we're here at the l.a. auto so where as they get ready to open the show, a lot of talk is about what's happening with tesla. a few minutes ago, this tweet from elon musk, the ceo of tesla. he says why does a tesla fire with no injury get more media headlines than 100 gas car fires that kill hundreds of people per year? what he's referencing is the fact that the national highway traffic safety administration has opened a formal investigation into the model s battery fires. in doing so the agency said the investigation was prompted by recent incidents in washington state and tennessee that resulted in battery fires due to undercarriage strikes with roadway debris. nobody was injured, nobody was killed in either of the tesla model s fires and tesla this morning said it asked the national highway traffic safety association to launch a formal investigation. it brings up the question, will there be a rrl? this is what elon musk said at the deal book contract just last week when andrew ross sorkin asked him abo
, phil lebeau has been saying it's all about the numbers beyond headline profits and sales figures. investors will be looking at three big things. model s delivery, 5700 of them. gross margins, look between 16% and 20%. anything higher, the stock will take off. anything lower, we could see a bit of a selloff there. then 21st century fox, reporting earnings as well. look for earnings of 37 cents a share on sales of $6.7 billion. they'll be looking to see how the cable television and movie business is for them and what it says about the rest of the business. back to you. >> media stocks in general have been red hot this year. my next guest says there's significant upside for select companies. the cable entry is undervalued. she joins me, bank of america jessica reef cohen, one of the top media consultants. and today she's naming names. good to see you. >> good to see you. >> you've been a student and leader in this industry for so long. >> thank you so much. >> what's behind the big rally in the stocks? >> the stocks have been on fire, it's true. a part of the reason for the entertai
that the plane maker rejecting a controversial contract proposal. it could have big ramifications. our phil lebeau in chicago. phil, this seemed like a real important vote not just for boeing but also for the labor community as a whole. >> absolutely because this is one of those plumb possibilities out there in terms of where boeing puts the 777 x plane. the union, the machinist in seattle, had a chance to vote on a contract offer which would extend through 2024. two-thirds of the members voted it down last night. here's a sense of what they were feeling as they were voting. >> i was quite certain it was not going to pass. i could not see my brothers and sisters taking this and the way it was presented to us as extortion and accepting it. >> they choose to take the 777 x the same path they took the 787 and commit corporate suicide, it's their business. it's not ours. >> keep in mind, boeing offered a guarantee of the 777x being built in the puget sound if the union agreed to that eight-year contract which would have had some changes to the pension, a 1% a year pay raise. they would have had to pay
the cleveland clinic, the one that lost 3,000 jobs beau as of said in part of the president's healthcare law. what do you think of this, bad timing, i suspect? >> well, i mean, i guess how can you believe anything that this president says when it comes to healthcare. talking about healthcare, talking about jobs and the economy. he said if you like your plan, you he can keep it, deep your doctor, premiums will go down, you will save $2,500. he residence will be ready by october 1st. >> but can he keep this latest -- congressman, can he keep this latest promise? he is now saying you can keep it. i mean it this time. and now if you want a one are year extension you can have it. we talked to an industry executive who said, no, that ship has sailed. >> that's exactly right. the previous guy was exactly right, too. this has been done for political reasons. we had a hearing yes, neil, where the contractor who was examining the we wouldn't work. people administration knew it wouldn't work but launched it because october 1st they couldn't admit that republicans were right. they cooperate admit the am
beating the streets by a penny. company's delivery numbers were lower than expect. phil lebeau joins us. >> reporter: this is a third quarter where they reported better as their own guidance but not as good as any were expecting. you mentioned delivery. for the third quarter they delivered 5,500 model s, some were talking about 5,700 or 5,800. there was some of the disappointment. the gross margin, however, at 21% is a little higher than most on wall street were expecting and now they're planning to deliver 21,500 this year. and deliveries are being increased to europe and to a certain extent pulling back a bit in terms of delivering here in the u.s. what about china, who many view as a great growth market? that will start in the first quarter of next year and already elon musk is saying they're seeing great interest -- they're more on the supply side than on the demand side. >> we're supply constrained not demand constrained. we're working hard to address the construction constraint. the thing that people quite don't get is we're different in that fundamental way from other car compani
to lagging sales. our phil lebeau explains in chicago. hey, phil. >> reporter: this is about the new vehicle that lincoln has unveiled today, called the mkc. let's look at it. it's really a small crossover utility vehicle. they're calling it a small suv. but it's built on a car platform. it will start at just under $34,000. now, lincoln is hoping the mkc captures the growing demand for small suvs and luxury crossover utility vehicles. year-to-date, lincoln sales down 3%. they've had no traction at all, while the luxury market overall is up 11%. but the head of lincoln says he believes things are starting to turn around. >> as the luxury business is about brand, it's about contribution margin, and it's about customers buying the best product. and we are really pleased to see that our price on the new mkc are up almost $6,000. our hybrid mix is over 30% now, which is something we didn't expect, frankly. >> reporter: so there are some metrics that are moving in favor of lincoln, which really has been stuck in the mud for a long time. but jim farley thinks they can bring it around. the showrooms
, does it make a difference if the firefighter who rescues you is beau or the accountant -- gay or the accountant who does your taxes or the mechanic who fixes your car? the president encouraged lawmakers to pass the legislation. >>> and tim cook the ceo of apple is also urging passing this. he writes in the wall street journal that "when people feel valued for who they are, they have the comfort and confidence to do the best work of their life." >>> 7:16. new in egypt this morning, former egyptian prod, mohamed morsi appeared in fourth for theist -- president, mohamed morsi appeared in court for the first time since he was removed from power. he says he's the legitimate leader and the court has no jurisdiction to put him on trial. the trial was adjourned until january. he's in a secret location while awaiting his trial. he could get the death penalty if convicted. >>> a man from mish twin claims he -- michigan claims he tipped off the fbi where to find osama bin laden. now he wants to be paid the $25 million reward. tom lee, he's an international jewelry marketer, says he told
. >> we are getting numbers on auto sales. chrysler already came out with a miss. phil lebeau has ford numbers. >> reporter: these are slightly below the estimate, overall ford for the month of october, an increase of sales of 14%. again, the street was expecting 15.5%. a couple of numbers stand out here. the best retail sales for the month of october since 2004. we usually don't focus on just one month. that is interesting. best retail sales since 2004. the f-series, it continues to be just incredible. up 63,000 in terms of total sales, up 13% for the month. that is the sixth straight month with f-series sales of greater than 60,000. guys back to you. >> phil, thank you for that. >> the stock does anything. >> i was going to ask you, you know, we've seen some of the whole sale inventory numbers showing stockpiling at auto dealers. some of the loans are stretched out. >> gm stories there about no deals, deals, i think if you don't offer these deals, you got to stay on that treadmill. these stocks have stalled. i don't know why. i'm saying that it's not as easy because europe is turning
the industry. phil lebeau is in mexico with carlos goen. phil, over to you. >> reporter: thank you, kelly. we have a busy day in new york, and also a busy day here in mexico. and carlos is joining me, chairman of nissan-renault. a lot of the plant here, why now? >> yes, we're already here. >> correct. >> we have a plant that's full. 175,000 cars a year capacity, capable of doing four cars. but it will be filled with one car, the central behind me, demand is strong in the united states, and very strong, also, in mexico. little by little, mexico is becoming an export hub for the americas. >> the weaker yen. obviously, you're more diversified than many of the japanese counterparts around the world. how much has it benefited you? does it make it a little -- put less pressure on you to diversify the base even more? >> no, i said when the end was 75 or 76, we need to hit 100 in order to -- for the end to be neutral. we're there. i think it's neutral for the moment. i don't think there's an advantage. i don't think there is a handicap. we are much more diversified than our competitors in japan. we f
Search Results 0 to 8 of about 9

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